The smart lighting market is estimated to grow from USD 7.93 billion in 2018 to USD 20.98 billion by 2023, at a CAGR of 21.50% between 2018 and 2023. The major factors driving the growth of the smart lighting market include modernization and development of infrastructure to transform cities into smart cities, increased demand for intelligent solutions for street lighting systems.

It aims at identifying major trends in smart lighting industry along with factors driving or restraining growth of smart lighting market & its various submarkets.

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1 Attractive Opportunities for Smart Lighting Market

2 Smart Lighting Market for Services

3 Smart Lighting Market for Hardware

4 Smart Lighting Market for Indoor Application

5 Smart Lighting Market for Lighting Control

6 Smart Lighting Market for Wired Communication Technology

7 Smart Lighting Market in APAC for Outdoor Application

8 Country-Wise Analysis of Smart Lighting Market

Smart lighting market research report has focused on various levels of analysis—market ranking of top players; value chain analysis; company profiles that provide the basic views on the competitive landscape; emerging and high-growth segments of the market; high-growth regions; and market dynamics such as drivers, restraints, opportunities, and challenges.

The growth of smart lighting market in APAC is attributed to the rapid infrastructure building activities being undertaken in APAC, mainly China, India, and Japan, where smart lighting paves the way for the modernization of infrastructure. Further, the increasing investments from the government sector also enhance the infrastructure facility in the country.

The smart lighting market based on offering covers hardware, software, and services.

The smart lighting market based on communication technology has been segmented into wired and wireless technologies.

The smart lighting market based on application type covers indoor and outdoor applications.

The smart lighting market based on installation type includes new installations and retrofit installations.

The geographic analysis has been conducted with regard to North America, Europe, APAC, and RoW.

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